Gray KY Real Estate &

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Beds:
8
Baths:
6.00
Sq.Ft.:
3,398
Status:
Active
MLS#:
26027548
Type:
Apartment
Subdivision:
Rural
Lot size:
48 Acres
Year built:
1994
A broker reciprocity listing Courtesy: Sallie Davidson, Realtors 606-877-3000
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ADDITIONAL INFORMATION

SLEEPING TURTLE PAY LAKE & AIR B&B -- A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence--all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,358 square-foot owner's home offering 3 bedrooms and 2 baths--ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48± ACRES 3 PONDS 5 AIR B&B UNITS BAIT SHOP/STORE EATERY 1358± SQ. FT. OWNER'S HOME 3 BR 2 BA 30± WOODED ACRES HIKING HUNTING EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often--a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment! *****Main Building is 4118 sq ft and holds 2 AirB&B apartments with space for more. Present outside rentals are Farm House 450 sq ft w 12x12 deck, Tiny home is 160 soft with 10x4 covered porch. Dry Camp is 120 sq ft plus 40 sq ft loft space and a 10x4 covered porch. The Owners residence is 1358 sq ft with a 2 car garage 581 sa ft and a 7x14 wing space.

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Andrea D. Conner, License 221773, Xome Inc., License 239054, [email protected], 844-400-XOME (9663), 1795 Alysheba Way, Suite 102, Lexington, KY 40509


The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Lexington Bluegrass Multiple Listing Service. The Broker providing this data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2026 Lexington Bluegrass Multiple Listing Service. All rights reserved.



Gray Real Estate

Gray is located in Kentucky. Gray, Kentucky has a population of 3,820. Gray is less family-centric than the surrounding county with 24.89% of the households containing married families with children. The county average for households married with children is 33.09%.

The median household income in Gray, Kentucky is $31,675. The median household income for the surrounding county is $29,206 compared to the national median of $69,021. The median age of people living in Gray is 39.5 years.

Gray Weather

The average high temperature in July is 86.1 degrees, with an average low temperature in January of 24.7 degrees. The average rainfall is approximately 49.1 inches per year, with 8.5 inches of snow per year.

Gray Map

Gray Real Estate Market Conditions

  • Median sales price

    $217,650
    16.7%
    change since last quarter
  • # Active listings

    22
    30-day change

Gray Schools and Demographics

Education near Gray, KY

City County
High School Graduates 77.29 76.03
College Degree - 2 year 4.13 5.17
College Degree - 4 year 9.21 15.29
Graduate Degree 2.83 4.65
Expenditures per Student 12,568 12,568
Students per Teacher 13.6 13.6

Elementary Schools near Gray, KY

Grades Students P/T Ratio ZIP
Central Elementary School PK - 06 490 13.7 40906
Corbin Elementary School 03 - 04 417 17.2 40701
Corbin Preschool PK - KG 115 40701
Corbin Primary School KG - 02 646 16.9 40701
G R Hampton Elementary School PK - 06 296 12.5 40906
Girdler Elementary School PK - 06 400 14.4 40943
Hunter Hills Elementary School PK - 05 699 15.9 40701
Jesse D Lay Elementary School PK - 06 396 14.2 40906
Oak Grove Elementary School PK - 06 740 18.5 40701
Whitley County North Elementary School PK - 06 381 14.8 40759

Middle Schools near Gray, KY

Grades Students P/T Ratio ZIP
Corbin Intermediate School 05 - 06 464 20.6 40701
Corbin Middle School 07 - 08 487 15.8 40701
Knox County Middle School 07 - 08 503 13.4 40906

High Schools near Gray, KY

Grades Students P/T Ratio ZIP
Corbin High School 09 - 12 857 16.4 40701
Knox Central High School 09 - 12 922 16.5 40906

Ungraded Schools near Gray, KY

Grades Students P/T Ratio ZIP
* High School Homebound 09 - 12 4 6.3 40701
* Knox County Day Treatment 08 - 12 23 11.5 40906
* Knox County Learning Academy 09 - 12 46 8.9 40701
* Whitley County Alternative School 07 - 12 46 9.2 40759
Barbourville City School PK - 12 718 18.3 40906
Corbin Area Technology Center UG - UG 0 40701
Corbin Educational Center 06 - 12 39 12.4 40701
Corbin School of Innovation KG - 12 43 40701
Knox Appalachian School 06 - 12 47 9.4 40906
Knox County Area Technology Center UG - UG 0 40906
Lynn Camp Schools PK - 12 1,094 14.1 40701

Demographics near Gray, KY

City County
Neighborhood Type Suburban
Population 3,820 30,367
Population Density 94 79
Median Age 39.5 39
People per Household 2.8 2.7
Median Household Income 31,675 29,206
Average Income per Capita 15,057 18,833

Real estate near Gray